Solana Memecoin ‘Trump Digital Gold’ Crashes 95% in One Minute Amid Hack Fears

In a dramatic turn of events, the Trump-themed Solana memecoin ‘Trump Digital Gold’ (GOLD) saw its market capitalization plummet by over 95% within a single minute, according to GMGN market data. The token’s value fell to approximately $1.8 million, leaving investors and observers questioning the integrity of the project and the security of its promotional channels.

Launch and Immediate Collapse

The GOLD token was launched via the X account @realtrumpcoins1, which claims to be an official partner of the Trump Organization, selling collectible coins and medals. However, the sudden and extreme price drop has raised suspicions that the account may have been compromised, with the token potentially being a fraudulent promotion. No official statement has been released by the Trump Organization or the account operators, and the lack of transparency has fueled concerns among the crypto community.

This incident is not isolated in the volatile world of memecoins, where hype-driven launches often lead to sharp corrections. However, the scale and speed of the crash—over 95% in 60 seconds—underscores the high-risk nature of such speculative assets. For context, even well-known memecoins like Dogecoin have experienced significant volatility, but rarely with such catastrophic single-minute declines.